Ethereum/USD, The price can grow up! We have a Support/Resistance Zones, between each other Price may do its movements.
I purpose, that the Price could beat off the lower Support/Resistance Zone and start to increase.
Our Goal is 252.43. Wait for the Price there.
Ask your questions and write comments)
Ethereum-usd
Ethereum holds 50% Fibonacci level against USD on weekly With minutes left in the weekly heiken ashi candle for Ethereum against the U.S. dollar, Ethereum held the 50% retracement level from its December 2018 swing low to June 2019 swing high to December 2019 low. RSI is getting over extended. Longs entering now should target $289.89, $336.94 and $396.88.
Ethereum bounced off 61.8% Fibonacci retracement level vs USDEthereum bounced off the 61.8% Fibonacci retrace level against the dollar from its December 2018 swing low to June 2019 swing high back to December 2020 swing low on the daily vs the dollar. Heiken ashi has turned red and selling pressure looked like it was going to test the 38% Fibonacci level but bulls bought the price action back to 50% retrace and the daily RSI cooled off to 75 after being in the mid 90’s. Longs entering now should take profits $288.36, $335.83 and $396.74.
Bitcoin Price Prediction: BTC/USD consolidates below $9,500
BTC/USD fell from $9,504.50 to $9,333.85 this Friday.
The daily TradingView shows two strong resistance levels at $9,545 and $9,600.
BTC/USD bulls took control of the market this Saturday as the price rose from $9,339.65 to $9,423.17. This follows a bearish Friday, wherein BTC/USD fell from $9,504.50 to $9,333.85, as the price consolidated below the $9,500 level. The daily confluence detector shows two strong resistance on the upside at $9,545 and $9,600. $9,600 has the Previous Month high and the Previous Week high. $9,545 has the one-day Previous High, one-day and 4-hour Bollinger Bands. On the downside, the $9,300 support level has the SMA 5, 4-hour Previous Low and one-day Fibonacci 23.6% retracement level.
Because now a days Crypto market get back to the level when it was in 2017. Because many scam projects has destroyed multiple potential projects. But now a days people has ability to know which project is better. Now a days 2local a project of The Neitherlands focusing on local people and having high challange for banks. Because they have quite amazing feature. Where you can find from their official website.
Website: 2local and their whitepaper .
When these project came to the market. Bitcoin price can even pump to 15000 USD to 21000 USD.
BTC.D / ALTCOIN CAPTop chart BTC.D
Currently sitting on top or long term support, but is in theory the last wave retracemtn of wave 5 with with Elliott wave theory in play.
We should see it break support and start to watch it play FIB levels.
If it breaks, than we can claim the bull season for alt coins has begun.
But untill that happens, this is still a bear market.
Bottom Chart TOTAL2
We see it currently looking for that bullish pressure to break above.
Total cap has had only 1 major impulse run and 1 corrective phase
Keep in mind that the last decade btc has had 3 major impulses and 2 major corrections.
The correction from 20k is the 6th wave
If Elliott wave theory is correct, btc should correct a lot and start to spread to alts.
This could be the alt coins major run.
Best of luck
Enjoy
Ethereum Next Target: $854H CHART EXPLANATION:
At this timeframe we observe that price is making a corrective structrure of the last downside movement. If this structure is broken downwards, then price should break the confluence zone between the last bottom and the Trendline to have free way to the next Support Zone at $85.
DAILY CHART EXPLANATION:
ETHUSD - Long on 4HCOINBASE:ETHUSD looks like it's in a favorable position for a long at this point in time.
1 - Price is holding above the 50 period SMA on the 4H chart, while at the same time the price has been trending down in a narrow range over the last few days.
2 - MACD momentum is turning. This does not mean a lot, but in order for it to flip to being bullish again, the histogram needs to be shrinking from the red side like this.
3 - The Stochastic RSI has been low for quite a while as the price has traded in the narrow descending range. In my experience this has usually lead to at least some sort of relief.
I am keeping an eye on the entire market though. Bitcoin is likely to break out of it's long consolidated pattern and could disrupt many, if not all crypto related charts when that happens. Keeping eyes open on the entire crypto market.
DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
Bitcoin BTCUSD short term updateHey guys welcome to short term Bitcoin update, now before moving forward you need to consider this situation that weekend price movements are like suspicious activity coz big money and pro traders dont trade at this time and prices could easily manipulated due to low volume, and am not long from this level, even if you'll look at my "same old pattern" series, ive been bearish and my initial targets are below 8000, but am expecting a rally from here to go above 10k which could give us another opportunity lo load our bags from more shorts.
so confirming this point again that am not opening any longs from, but i do expect a pump to load more shorts from coming rally. so without stretching this so much lets dive into the charts and have a look.
from above charts you'll see that wave C has almost 5 major retracement zones
R1 10150 (weak)
R2 10340 100% of wave A (medium)
R3 10475 fib618 (strong)
R4 10530 127.2% of wave A (strong)
R5 10610 138.2% of wave A (very strong)
not taking any long positions coz already short call is active and prices could start to dump from any level, if you've not checked my "Same old Pattern", series do check it out its last version given below. thankyou
ETH/USD analysis Hi traders!
Today we are going to look at ETH/USD analysis on Bitfinex . ETH is now undertaking soft correction as well as all the other altcoins. However, where could the correction come to an end?
Trading is a game of probability and statistics and therefore we are going to introduce you to 2 possible scenarios and going to assign them a % chance to achieve success. Let’s begin.
Scenario nb. 1
We are in the B wave now, which is taking beautiful triangle shape. The triangle formation is characteristic in a way that there’s the last move in the given direction after it. It’s mostly in the 4th wave and there’s always the 5th wave after it. Speaking about correction waves, it’s always after B wave and yet there’s always C wave after it. In this annotation, we would take the triangle height as a target. To manage bounce-zone more accurately, we move the triangle height both to upper and lower triangle trendline. Now we have potentially reverse zone for the graph to bend back. In our case it's the price level of 239 - 265 USD. That's where the C wave should end and bounce.
Probability - 70%
Scenario nb. 2
In this scenario, we simulate a less probable option - we would break the triangle upwards. It's less probable, but it sometimes happens. In such a case the whole correction would be finished in C point in the triangle. It wouldn't even be a triangle formation but rather a classic ABC correction. In the moment, we would finish the 1st wave. That's an alternative scenario.
Probability - 30%
Summary
ETH doesn't look bad and its correction won't bring new bottom , or any fatal price decrease. The correction appears totally healthy and we can expect new growth by several days, maybe weeks . Some other big altcoins look alike.
ETH/USDOn the daily time frame, I am thinking ETH/USD will trade towards the top of the white ($280-$290 Area) over the next day or two before retracing or moving higher. If price action moves above the white trendline, I would expect a a restest/confirmation before buying - likewise with shorting. If price breaksdown, I would like to see a retest and rejection before shorting.